InsuranceDisability InsuranceNeed Help Choosing The Best Types of Disability Insurance for Individuals?

Need Help Choosing The Best Types of Disability Insurance for Individuals?

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Are you prepared for the unexpected? Have you considered what would happen if you were suddenly unable to work due to a disability? It’s a scary thought, but unfortunately, it’s a reality for many people. That’s where disability insurance comes in. But you may still be wondering how to choose the best types of disability insurance policy FOR YOU.

Are you in need of disability insurance but feeling overwhelmed by the options? Choosing the best types of disability insurance for individuals can be a daunting task, but it’s important to make sure you’re adequately covered.

In this article, we’ll break down the definition of disability insurance, why people need it, and how it works. We’ll also compare and contrast the different types of disability insurance policies and provide tips on how to choose the right coverage for you.

If you’re unfamiliar with disability insurance, it can be difficult to know where to begin when selecting the right type for your needs. So if you need help navigating the world of disability insurance, read on for expert advice, from a retired financial planner.  

In this article, we’ll start with the basics, including the definition of disability insurance and why people need it.  We’ll also discuss how disability insurance works and why it’s essential for those who are unable to work due to an injury or illness.

An Overview Of Insurance 

An Introduction To The World of Disability Income Protection

Life is unpredictable, and just like a game of Jenga, one wrong move can bring everything tumbling down. Disability income protection is like having an extra set of hands to steady the tower and ensure that if the unexpected happens, you and your loved ones are still standing strong.

A quick story first…

Choosing The Best Types of Disability Insurance
Choosing The Best Types of Disability Insurance

I have a quick story to share with you about one of my best friends, Rob. He called me out of the blue one day to meet with him and his wife for dinner. Little did I know, he was about to drop a bombshell. He had just been diagnosed with pancreatic cancer and given only six months to live.

As I sat there in shock, he asked me to take care of his wife and take over his financial planning practice.

The good news and the bad news? Rob had an incredible mindset and access to world-class doctors, which helped him beat the odds and he is still alive nearly 15 years later. But, the bad news is that without his disability income protection policy, his finances would have been devastated. It’s a harsh reality, but it’s a reminder of just how important disability insurance can be in protecting you and your loved ones.

And to this day – we still go to the Opening Day game together, ever single year!

Definition of Disability Insurance

Disability insurance is a type of insurance that provides income protection if you become disabled and are unable to work. Disability insurance policies are designed to replace a portion of your income if you become unable to work due to an injury or illness.

Depending on the policy you choose, disability insurance can cover a range of disabilities, from short-term injuries to long-term illnesses.

Why People Need to Purchase a Disability Policy?

Perhaps you missed the answer with my story of my friend Rob.  That’s why everyone that has an income and is not prepared to retire today, needs this vital insurance policy.


Disability insurance is critical for individuals who rely on their income to support themselves and their families. If you become disabled and are unable to work, disability insurance can help replace lost income, cover medical expenses, and maintain your standard of living.

Without disability insurance, individuals
ay face financial hardships and may be forced to deplete their savings or rely on family and friends for support.

Disability Loans For People on Disability Benefits

How Disability Insurance Works

Disability insurance policies typically pay a percentage of your pre-disability income, ranging from 40% to 80%, depending on the policy.

From my experience in working with dozens of insurance companies for almost 30 years, the most common policies will pay 60 or 65% of your income.

Most policies have a waiting period, which is the amount of time that must pass after a disability occurs before benefits begin. The waiting period can range from 30 days to 180 days, depending on the policy.

Again from my experience, short term policies will usually start after 60 or 90 days, and most long term disability policies won’t start until 180 days have passed.

Once the waiting period has ended, benefits will typically continue until you’re able to return to work or until the end of the policy’s benefit period. Benefit periods can vary depending on the policy, but most policies offer benefits for a few years or until retirement age.

ComponentDescription
Coverage AmountThe percentage of your pre-disability income that your policy will pay out in the event of disability
Waiting PeriodThe amount of time that must pass after a disability occurs before benefits begin
Benefit PeriodThe length of time that benefits will be paid out, either a few years or until retirement age
DefinitionThe specific criteria for what qualifies as a disability under the policy

By understanding these components, individuals can select a disability insurance policy that fits their needs and provides adequate income protection in the event of disability.

PRO TIP

Own occupation coverage is a must-have for your disability insurance policy.
It provides benefits if you become disabled and can’t perform the duties of your specific occupation, even if you can work in a different one.
This type of coverage offers more comprehensive protection for your income and livelihood. Without it, your benefits may be limited if you can work in a different capacity.
As a financial planner, I strongly recommended adding own occupation coverage to a clients policy almost every single time, to ensure maximum protection.

In the next section, we’ll discuss the different types of disability insurance policies available and how to choose the right one for your needs.

Types of Disability

Myths about Disabilities and Disability Insurance

Unfortunately i have heard it all and seen it all. Learn from my experiences…

MythReality
I don’t need disability insuranceAnyone can become disabled at any time, and disability insurance can provide crucial income protection
Workers’ compensation is enoughWorkers’ compensation only covers disabilities that occur as a direct result of work, while many disabilities are caused by illness or off-the-job injuries
Social Security Disability is enoughSocial Security Disability benefits are often not enough to replace lost income and can be difficult to qualify for
Disability insurance is too expensiveThe cost of disability insurance varies, but the financial impact of a disability can be devastating without proper coverage
I’m young and healthy, I don’t need itDisability can strike at any time, and young people are not

Different Types of Disabilities

Types of Disabilities and Prevalence Rates

Disability TypePrevalence Rate
Musculoskeletal disorders22.4% of disabilities
Mental health conditions18.7% of disabilities
Nervous system disorders13.3% of disabilities
Circulatory system disorders8.3% of disabilities
Cancer and neoplasms7.9% of disabilities
Injuries and accidents7.7% of disabilities
Digestive system disorders6.9% of disabilities
Respiratory system disorders5.5% of disabilities
Genitourinary system disorders3.3% of disabilities
Skin and subcutaneous disorders1.9% of disabilities
Source: NIH

Disability Impacts all of us

How Disability Affects Income

Table: Impact of Disability on Income and Personal Finances

ScenarioWithout Disability InsuranceWith Disability Insurance
Disabled, unable to workIncome lossIncome replacement
No disability insurance coverageNo income replacementNo financial protection
Relying on savings and retirement accountsFinancial hardshipFinancial hardship
Dependent on family and friends for supportLimited supportLimited support

Social Security Disability

Social Security Disability Insurance (SSDI) is a federal program that provides benefits to individuals with disabilities that prevent them from working. However, the program can be difficult to qualify for, and benefits may not be sufficient to replace lost income.

According to the Social Security Administration, in March OF 2023, the average monthly benefit for disabled workers is $1,483.68.

Table: Comparison of SSDI, Employer Disability Coverage, and Personal Disability Insurance

BenefitSSDIEmployer CoveragePersonal Coverage
Qualification criteriaDifficult to qualifyMay require waiting periodMedical exam may be required
Benefit amountVaries, based on work historyVaries, may be cappedChosen by policyholder
Definition of disabilityStrict criteriaVaries by policyChosen by policyholder
Waiting period5-month waiting periodMay require a waiting periodChosen by policyholder
Benefit periodLifetimeVaries, may be

Social Security Survivor Benefits

Types of Disability Insurance

here’s a table that compares and contrasts the different types of disability insurance:

Type of Disability InsuranceProsCons
Short-term Disability insurance– Typically covers up to 6 months of disability
– May have a shorter waiting period for benefits to begin
– Premiums may be lower
– Coverage may be limited
– Benefits may not be enough to cover long-term disabilities
– May require more frequent doctor visits and paperwork
Long-term Disability Insurance– Typically covers disabilities lasting longer than 6 months
– May cover a higher percentage of pre-disability income
– May offer more comprehensive coverage
– Premiums may be higher
– Waiting period for benefits to begin may be longer
– May have more stringent requirements for approval
Employer-Provided Disability Insurance– May be included as part of an employee benefits package
– Premiums may be lower
– May have less strict eligibility requirements
– Coverage may be limited
– Benefits may be taxable
– Benefits may not be enough to cover all expenses
Individual Disability Insurance– Coverage is typically more comprehensive
– Benefits are not tied to employment
– May have more flexible coverage options
– Premiums may be higher
– May require more extensive medical underwriting
– May have more stringent eligibility requirements

This table provides a high-level overview of the different types of disability insurance available, including their pros and cons. It’s important to carefully consider your options and choose a policy that meets your specific needs and circumstances.

Short Term Disability Insurance 

  • Short-term disability insurance provides a replacement income for a short period of time, usually between three to six months.
  • This type of coverage is intended to help individuals manage their finances when they are unable to work due to a covered illness or injury.

Coverage and Benefits

  • Short-term disability insurance generally covers a portion of your income, usually ranging from 60-70%.
  • The amount of coverage you receive depends on the policy you purchase.
  • Typically, short-term disability benefits begin on the eighth or fifteenth day of your disability and can last up to six months.

Costs

  • The cost of short-term disability insurance varies depending on a number of factors, such as your age, occupation, and health status.
  • Generally, the younger and healthier you are, the less you will pay for coverage.

Underwriting

  • Short-term disability insurance typically requires medical underwriting, which means that the insurance company will review your medical history before approving your coverage.
  • If you have pre-existing conditions or a history of health problems, you may be denied coverage or charged a higher premium.

Short Term Disability Claims

  1. To file a short-term disability claim, you will need to provide documentation from your doctor stating that you are unable to work due to a covered illness or injury.
  2. The insurance company will review your claim and may require additional information from your doctor.
  3. Once your claim is approved, you will begin receiving your benefits.

Short-term disability insurance can provide valuable coverage for individuals who need to take a short-term leave of absence from work due to an illness or injury.

It can help you pay your bills and manage your finances while you recover. However, it’s important to understand the limitations and exclusions of your policy before you purchase coverage.

Long Term Disability Insurance

When an individual is unable to work due to a disability that lasts for a longer period of time, long-term disability insurance can provide financial support.

This type of insurance policy is designed to cover a portion of the individual’s income if they become disabled and cannot work for an extended period of time.

Long Term Disability Insurance Coverage

  • Long-term disability insurance coverage can vary depending on the policy.
  • Generally, policies will cover a percentage of the individual’s pre-disability income, usually between 50% to 70%.
  • Some policies may offer coverage up to 80% of the individual’s income, but this can also result in higher premiums.

Long Term Disability Insurance Benefits

  • The benefits of a long-term disability insurance policy include the peace of mind of knowing that financial support is available in case of disability.
  • In addition, the individual can receive benefits for a longer period of time, usually until the age of 65, or until they are able to return to work.
  • Policies may also offer partial disability benefits for those who are able to work part-time or in a reduced capacity.
  • *Again, I cannot stress enough the importance of getting own occupation coverage
  • **Another major benefit to add to your long term policy is an inflation adjustment – this will allow the payout to grow over the years.

Long-term disability policies often include a social security offset provision, which means that any benefits you receive from Social Security disability insurance will be deducted from your long-term disability benefits. This is because the goal of disability insurance is to replace a portion of your income, not to provide double coverage.

The social security offset provision is included to ensure that you are not receiving more than the total amount of benefits you would have earned if you were able to work.

For the ultimate coverage – you can opt for your policy to NOT BE OFFSET by Social security!!

Long Term Disability Insurance Costs

The cost of a long-term disability insurance policy can vary depending on factors such as the individual’s age, occupation, health status, and the desired coverage amount.

Your occupation can impact your long-term disability insurance premiums because certain occupations are deemed higher risk for disability than others. Insurance companies use this information to determine premiums, with higher risk occupations typically having higher premiums. This is because individuals in these occupations are more likely to make a claim.

Generally, long-term disability insurance premiums are higher than those for short-term disability insurance due to the longer benefit period.

Underwriting for Long-Term Disability Insurance

  • To obtain a long-term disability insurance policy, individuals must go through an underwriting process that includes a review of their medical history and current health status.
  • Some policies may also require a medical exam to determine eligibility.
  • Underwriting process for disability insurance is typically more extensive, including thorough medical exams and scrutiny of occupation and lifestyle habits.
  • Underwriting for disability insurance is more stringent than for life insurance. Disability insurance is more likely to be claimed and pays benefits over a longer period of time.
  • To put it in perspective, an old minor back injury you no longer think about. Or medication for depression after your husband died – if though you didn’t take it. Yes – I have seen policies denied for those reasons!

Pros and Cons of Long-Term Disability Insurance

Pros

  • Provides long-term financial support for individuals unable to work due to disability
  • Offers partial disability benefits for those able to work in a reduced capacity
  • Can provide peace of mind for individuals who rely on their income to support themselves and their families

Cons

  • Premiums can be higher than short-term disability insurance premiums
  • Underwriting process can be more rigorous and may require a medical exam
  • Benefits may be subject to taxes

Long Term Disability vs Short Term Disability Insurance

Short-Term Disability InsuranceLong-Term Disability Insurance
Coverage durationUp to 6 monthsUp to retirement age or beyond
Waiting periodTypically 0-14 daysTypically 90-180 days
Benefit periodUp to 6 monthsCan be 2 years, 5 years, or longer, depending on policy
Benefit amountUp to 80% of salaryTypically 50-60% of salary
Partial disabilityMay provide partial disability benefitsMay provide partial disability benefits
Total disabilityProvides coverage for total disabilityProvides coverage for total disability
CostGenerally less expensiveGenerally more expensive
UnderwritingUsually simpler, less stringentOften requires more in-depth medical exams and underwriting
AvailabilityOften provided through employerCan be purchased individually or through an employer
RenewabilityOften not renewableTypically renewable up to age 65 or retirement
Taxation of benefitsDepends on how premiums were paidBenefits are taxable if premiums were paid pre-tax
Other factors to considerMay be easier to qualify forProvides longer-term coverage and may offer more comprehensive benefits

Employer-Sponsored Disability Insurance

  • Employer-provided disability insurance is a type of coverage that is offered by some employers to their employees as part of their employee benefits package.
  • This type of disability insurance provides benefits for a specific period of time, typically up to two years.
  • It is important to note that the benefits provided by employer-provided disability insurance are taxable as income.

Coverage and Benefits

  • Employer-provided disability insurance provides coverage for a wide range of disabilities, including both physical and mental health conditions.
  • The coverage typically includes both short-term and long-term disability benefits, although the exact terms of coverage may vary depending on the specific policy.
  • Short-term disability benefits are typically provided for a period of up to six months and are designed to replace a portion of an employee’s income during a period of disability.
  • Long-term disability benefits are provided for a longer period of time, typically up to two years, and may provide more comprehensive coverage.

Costs and Underwriting

  • The cost of employer-provided disability insurance varies depending on a number of factors, including the size of the employer, the industry in which the employer operates, and the specific terms of coverage provided.
  • In general, employer-provided disability insurance is less expensive than individual disability insurance, since the risk is spread out over a larger group of people.
  • Underwriting for employer-provided disability insurance is typically done at the group level, which means that employees are generally not required to undergo medical underwriting in order to be eligible for coverage.
  • However, certain pre-existing conditions may be excluded from coverage or may be subject to a waiting period before coverage begins.

Pros and Cons

There are both advantages and disadvantages to employer-provided disability insurance. Some of the advantages include:

  • Coverage is typically less expensive than individual disability insurance
  • Coverage is often available to all employees, regardless of their health status
  • Coverage is often provided without the need for medical underwriting

However, there are also some disadvantages to employer-provided disability insurance, including:

  • Benefits are typically taxable as income
  • Coverage is typically limited to a specific period of time, which may not be sufficient for some individuals
  • Employees may not be able to customize their coverage to meet their individual needs

Overall, employer-provided disability insurance can be a valuable benefit for employees, particularly those who may not be able to obtain coverage on their own. However, it is important for employees to carefully review the terms of coverage and understand the limitations of the policy.

Individual Policies

Individual disability insurance policies provide coverage to protect your income in the event of a disability.

  • They offer more flexibility than employer-provided coverage, as you can tailor the policy to meet your specific needs.

Coverage

  • Individual disability insurance policies offer coverage for disabilities that prevent you from working, similar to other types of disability policies.
  • The main difference is that you purchase and own the policy, so you have more control over the coverage you receive.
  • Policies can be structured in different ways, including benefit periods, elimination periods, and optional riders that provide additional coverage.

Benefits

  • Individual disability insurance policies provide a monthly income benefit to replace lost income due to a disability.
  • Benefits are typically based on a percentage of your pre-disability income and can range from 40-80%.
  • Benefits are tax-free if you pay the premium with after-tax dollars, but taxable if your employer pays for the policy.

Costs

  • Individual disability insurance policies can be more expensive than employer-provided coverage, but they offer more flexibility and control over the policy terms.
  • Premiums are based on several factors, including age, health, occupation, and benefit amount.
  • Policyholders can typically choose between level premiums or increasing premiums.

Underwriting

  • When applying for an individual disability insurance policy, you will need to go through a medical underwriting process.
  • This involves completing a health questionnaire and may include a medical exam or review of medical records.
  • The underwriting process helps the insurance company determine your risk of disability and set premiums accordingly.

Pros and Cons

Pros:

  • More control over coverage and policy terms
  • Coverage is portable if you change jobs
  • Benefits are tax-free if you pay the premium with after-tax dollars

Cons:

  • More expensive than employer-provided coverage
  • Medical underwriting can be more rigorous and time-consuming
  • Policy may have exclusions or limitations based on pre-existing conditions or specific job duties

Overall, individual disability insurance can provide valuable coverage for those who want more control over their policy terms and coverage options. It can be more expensive than employer-provided coverage, but it offers more flexibility and can be tailored to meet your specific needs.

Disability Policies

Insurance Coverage

When it comes to disability insurance, it’s important to understand what is covered and how the insurance works. Disability insurance typically covers a portion of your income in the event that you become disabled and are unable to work. There are different types of plans available, including short-term disability, long-term disability, and social security disability benefits.

Short-term disability insurance usually covers a portion of your income for a limited period of time, typically up to six months.

Long-term disability insurance, on the other hand, covers a portion of your income for a longer period of time, typically until retirement age.

Social security disability benefits are a government program that provides income to individuals who are unable to work due to a disability.

Like health insurance, disability insurance plan options vary depending on your employer’s coverage.

  • Employers may offer disability insurance as part of their health insurance plan or as a separate policy.
  • Some employers may not offer disability insurance at all, so it’s important to inquire about access to employer-sponsored disability insurance.

Individual disability insurance policies are also available for purchase through an insurance company. These policies may offer more comprehensive coverage than employer-sponsored plans and can be tailored to your specific needs. Catastrophic disability riders can be added to these policies to provide additional coverage in the event of a severe disability.

Insurance Cost

The cost of disability insurance varies depending on the type of disability insurance plan you choose and the coverage you need.

  • Private disability insurance, including individual long-term disability insurance, can be more expensive than group disability insurance offered through an employer.
  • The cost of disability insurance policies can also vary depending on the insurance company and the level of coverage you select.

Social security disability insurance doesn’t come out of your pocket (premiums), but the benefits may not be sufficient to cover your cost of living. It’s important to note that not all disability claims are approved, so it’s important to work with an experienced disability insurance company or agent when selecting a policy.

How Social Security Decides If You Are Eligible (hint, they rarely do until the third application)

According to the Council for Disability Awareness, the average long-term disability claim lasts nearly three years, and one in four 20-year-olds will become disabled before reaching retirement age. It’s important to consider the cost of disability insurance as a necessary investment in your financial security in the event of a disability.

Best Disability Insurance Policies and Companies

If you need disability insurance, it’s essential to find the right type of disability insurance policy to suit your specific needs. To get disability insurance, you have to purchase a policy from an insurance company that offers disability insurance.

Here’s how to find the best disability insurance policies and companies.

How to Purchase an Individual Disability Policy

If you’re interested in purchasing an individual disability policy, there are a few things to keep in mind.

  1. First, you need to choose the right type of disability insurance for your needs.
  2. Next, you need to look for a policy that provides comprehensive coverage at an affordable price.
  3. Finally, you need to find a reputable insurance company that offers reliable service and support.

To get started, you can research and compare individual disability insurance plans and policies online. You may also want to consult with a financial advisor or insurance agent who can help you choose the best disability insurance plan for your needs.

PolicyGenius – Life, Home Auto, Disability

PolicyGenius – Policygenius is an insurance marketplace, not an insurance company Let them shop and compare disability policies FOR YOU.

Best Insurance Companies for Disability Coverage

When looking for the best disability insurance companies, it’s important to choose a company with a strong reputation for quality service and support. Some of the top disability insurance companies include:

  • Guardian Life Insurance Company
  • Mutual of Omaha
  • MassMutual
  • Northwestern Mutual
  • Ameritas
  • Principal Financial Group
  • Standard Insurance Company
  • The Hartford

Cost of Living and Disability Insurance

Keep in mind that the best disability insurance company for you may depend on your specific needs and situation.

When choosing disability insurance coverage, it’s important to consider the cost of living in your area. Your disability insurance typically pays a portion of your income if you become disabled and are unable to work. However, the cost of living can vary significantly from one region to another, so it’s important to make sure that your disability insurance benefits will be enough to cover your expenses.

In addition to the cost of living, you should also consider the cost of disability insurance premiums. The cost of disability insurance can vary depending on the type of policy, the amount of coverage, and the insurance company. To find the best disability insurance coverage at an affordable price, you may want to compare policies and premiums from multiple insurance companies.

Overall, choosing the right disability insurance plan can be a challenging task. However, by researching your options, comparing policies and prices, and consulting with a financial advisor or insurance agent, you can find the best disability insurance coverage for your needs.

Choosing a Disability Insurance Company

Choosing a disability insurance company is an important decision that requires careful  consideration. There are several factors to take into account when choosing a company that will provide you with the coverage you need in case of a disability.

In this section, we will discuss what to look for in a disability insurance company and how to choose the right one for you.

What to Look For in a Disability Insurance Company

When selecting a disability insurance company, there are several things to consider.

  1. First and foremost, you want to make sure that the company is financially stable and has a good reputation. You can check a company’s financial rating by consulting with a reputable financial rating agency, such as A.M. Best or Standard & Poor’s.
  2. Another important factor to consider is the company’s experience in the disability insurance market. A company with a long history of providing disability insurance may be more reliable and offer better coverage options than a newer company.
  3. You can also look for reviews and ratings from other customers to get an idea of their experiences with the company.

Best disability insurance companies in 2023

PolicyGenius – Life, Home Auto, Disability

PolicyGenius – Policygenius is an insurance marketplace, not an insurance company Let them shop and compare disability policies FOR YOU.

Choosing The Right Company For You

  1. When choosing a disability insurance company, it’s also important to consider the types of coverage they offer. Some companies may specialize in short-term disability, while others may focus on long-term disability coverage. You should evaluate your needs and choose a company that offers coverage that best fits your situation.
  2. Additionally, it’s important to look at the policy features and benefits that each company offers. Some companies may offer more comprehensive coverage options than others, while some may have more flexible policy features. You should review the policy options and choose the one that offers the best combination of coverage and features for your needs.
  3. Finally, it’s important to consider the cost of the disability insurance policy. While you want to make sure that you are getting the coverage you need, you also want to make sure that the policy is affordable. You should compare quotes from different companies and choose the one that offers the best coverage at a price you can afford.

In summary, when choosing a disability insurance company, you should look for a financially stable company with a good reputation and experience in the market. You should also consider the types of coverage and policy features that each company offers and choose the one that best fits your needs. Finally, you should compare quotes and choose a policy that offers the best coverage at a price you can afford.

Conclusion

Thank you for taking the time to read this article on disability insurance. We hope that it has been informative and helpful in providing you with a better understanding of the importance of disability insurance and how it can protect you and your loved ones in the event of an unexpected illness or injury.

Importance of Getting Disability Insurance

Choosing the right disability insurance coverage can be a daunting task, but it’s important to remember that it’s better to be adequately covered than to be caught off guard and unprepared. When choosing a disability insurance company, it’s important to look for a company with a strong reputation, excellent customer service, and policies that fit your specific needs.

Benefits of Having Disability Insurance

We strongly encourage you to consider purchasing disability insurance, and to make sure that you have the right type of coverage for your needs. By doing so, you can have peace of mind knowing that you and your family will be financially protected in the event of an unexpected illness or injury.

Recap of Key Points

In summary, we covered the different types of disability insurance policies available, including short-term and long-term disability insurance, employer-provided disability insurance, and individual disability insurance. We also discussed the benefits of having disability insurance, the cost of disability insurance, and what to look for when choosing a disability insurance company.

  • short-term and long-term
  • two main types of disability
  • disability policies
  • individual insurance

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Note: The content provided in this article is for informational purposes only and should not be considered as financial or legal advice. Consult with a professional advisor or accountant for personalized guidance.

Michael Ryan
Michael Ryanhttps://michaelryanmoney.com/
Who Am I? I'm Michael Ryan, a retired financial planner turned personal financial coach. And author and found of blog. My advice is backed by decades of hands-on experience in finance and recognition in esteemed publications like US News & World Report, Business Insider, and Yahoo Finance. 'here'. Find answers to your financial questions, from budgeting to investing and retirement planning, on my blog michaelryanmoney.com. My mission is to democratize financial literacy for all.